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    AQUA   CA03842U2083

AQUARIUS AI INC.

(AQUA)
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Aquarius AI Inc. entered into a definitive agreement to acquire a 75% stake in Podkast Entertainment Corp. for CAD 2.8 million.

06/28/2021 EDT

Aquarius AI Inc. (TSXV:AQUA) entered into a definitive agreement to acquire a 75% stake in Podkast Entertainment Corp. for CAD 2.8 million on June 28, 2021. As part of consideration, Aquarius AI Inc. will exchange approximately 24.2 million common shares, representing approximately 32% of the Common Shares that will be issued and outstanding as of closing of the Acquisition. In conjunction with the Acquisition, Podkast's Chief Executive Officer, Owen Sagness will be joining the Aquarius as Manager of Talent Acquisition. The closing of the Acquisition is subject to a number of conditions including the satisfactory completion of due diligence and satisfaction of other customary closing conditions. Deepak Gill of Cassels Brock & Blackwell LLP acted as a legal advisor for Aquarius AI Inc.


© S&P Capital IQ 2021
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Financials
Sales 2020 - - -
Net income 2020 9,94 M 7,78 M 7,78 M
Net Debt 2020 0,09 M 0,07 M 0,07 M
P/E ratio 2020 0,13x
Yield 2020 -
Capitalization 6,77 M 5,31 M 5,30 M
EV / Sales 2019 1,58x
EV / Sales 2020 -
Nbr of Employees -
Free-Float 99,1%
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Income Statement Evolution
Managers and Directors
Chris Bradley Chief Executive Officer & Director
Graham Martin President & Director
Ying Xu Chief Financial Officer & Director
Jesse Dylan Chairman
Eugene Valaitis Director
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